It seems that not all is gloom and doom in the publishing industry after all. Maybe people are turning to books as a means of escape from economic misery.
Books-A-Million unexpectedly furnished better than predicted first-quarter results, the bookstore chain even posting a 2.0% sales increase during the period, with sales bringing in $118.2 million.
Books-A-Million say their book business remains "challenged" but the bargain book segment did well. Apparently, Stephenie Meyer and her Twilight series drove a substantial amount of the profit into their tills – so her writing IS good for something…
If things aren’t so bad after all, maybe they’ll stock a few other authors. Think on, Mr. Books-A-Million, we all need a leg up, especially in difficult economic times….
*** Books-A-Million, Books-A-Million, Books-A-Million ***
- Next post on Tell Me a Story.
End of post - Books-A-Million, profits from economic downturn
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